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A firm's income statement includes the following data. The firm's averae tax rate was 20%. No depreciation is included in cost of goods or adminstrative
A firm's income statement includes the following data. The firm's averae tax rate was 20%. No depreciation is included in cost of goods or adminstrative expenses.
Costs of goods sold $8,000
Income taxes 2,000
Administrative expenses 3,000
Interest expense 1,000
Depreciation 1,000
a) What ws the firm's profit before tax and net income?
b) What must have been the firm's revenue
c) What was EBIT?
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